The Automotive Wheel Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Automotive Wheel Market?
The Automotive Wheel Global Market Report 2025 has shown a solid trend of growth in recent years. The market size has increased from $39.76 billion in 2024 and is projected to further rise to $42.93 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Automotive Wheel Industry?
The global automotive wheel market is anticipated to reach a market size of $57.69 billion in 2029, with a compound annual growth rate of 7.7%.
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What are the Key Growth Drivers Fueling the Automotive Wheel Market?
The key drivers in the automotive wheel market are:
• Continued material innovations in the automotive industry
• Development of autonomous vehicles
• Sustainability considerations in automotive manufacturing
• Globalization of automotive manufacturing, urbanization and rise of compact cars
Global Market Segmentation: Identifying Major Automotive Wheel Industry Segments
The automotive wheel market covered in this report is segmented –
1) By Material: Steel, Alloy, Carbon Fiber, Other Materials
2) By Vehicle Class: Economy, Mid-Priced, Luxury-Priced
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
4) By Rim Size: 13"-15", 16"-18", 19"-21", Above 21"
5) By End-Use: OE, After market
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What are the Emerging Trends Shaping the Future of the Automotive Wheel Market?
The key trends in the automotive wheel market are:
• Continued material innovations and autonomous vehicle development are affecting the future of the automotive wheel market.
• Sustainability considerations and globalization of automotive manufacturing are shaping the market trends.
• Advanced manufacturing technologies and customization/personalization options are emerging trends in the automotive wheel industry.
• Aerodynamic wheel designs, intelligent wheels with embedded sensors, and carbon fiber composite wheels are key predicted trends.
Who Are the Top Competitors & Leading Players in the Automotive Wheel Market?
Major companies in the automotive wheel market are:
• Continental AG
• Aisin Seiki Co. Ltd.
• Michelin Group
• Wheel Solutions Limited
• Goodyear Tire & Rubber Company
• Tenneco Inc.
• Alcoa Corporation
• Hitachi Metals Ltd.
• Pirelli & C. S.p.A.
• Carlisle Companies Inc.
• Toyo Tire & Rubber Co. Ltd.
• Zhongding Group Inc.
• Superior Industries International Inc.
• IOCHPE-Maxion SA
• Steel Strips Wheels Ltd.
• Wheel Pros LLC
• Super Alloy Industrial Co. Ltd.
• Hayes Lemmerz International Inc.
• American Eagle Wheels Corp.
• Dana Incorporated
• OZ Group
• Accuride Corporation
• Topy Industries Limited
• Foshan Nanhai Zhongnan Aluminum Wheel Co.
• BBS Kraftfahrzeuge GmbH
• CLN Group
• Mangels Industrial SA
• Zhejiang Wanfeng Auto Wheel Co. Ltd.
• BORBET GmbH
• Bridgestone Corporation
• CIE Automotive Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the automotive wheel market in 2024
